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Bitcoin's 200-day moving average at all-time high...long-term bullish

Bitcoin's (BTC) 200-day moving average is at an all-time high of $51,178. This is a key technical indicator for predicting long-term Bitcoin price trends, suggesting a bullish long-term outlook, according to blockchain news outlet Cointelegraph. The indicator peaked on April 6, according to BuyBitcoinWorldwide. This comes as bitcoin is recovering from a price drop following its April 20 halving.

Speaking on CNBC's Squawk Box, bitcoin investor Anthony Pompliano said of the 200-day moving average breaking above $50,000 for the first time ever, “Bitcoin continues to trend upward in the long term despite the daily price volatility.”

Furthermore, according to analyst Willy Woo, the 200-week moving average, a much longer-term trend indicator, is currently at an all-time high of just over $34,000, which means that the annual trend outlook is much more optimistic.

Crypto 'Fear-Greed Index' at 46...neutral to fearful, altcoin seasonal index up 9 points.

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell one point from the previous day to 46. It moved from neutral to fear. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close to 100. The Fear Greed

blockchain crypto cryptocurrency fear greed index 54 btc 98.2K (SpotedCrypto)

Crypto 'Fear & Greed Index' 54... Greed → Neutral, BTC 98.2K

The 'Fear & Greed Index' of cryptocurrency data provider Alternative fell 18 points from the previous day to 54. Sentiment has shrunk significantly, and the index has shifted from the greed stage to the neutral stage. The index is closer to 0, the more extreme the fear of

blockchain crypto cryptocurrency altcoin season index 38 (SpotedCrypto)

Altcoins unlikely to recover to December 2017 levels...at the earliest, around April, Altcoin Season Index at 38

According to Cointelegraph, cryptocurrency analyst Matthew Hyland said, “It is unlikely that altcoin prices will recover to December 2017 levels until at least April this year.” He explained, “The threat of tariffs by US President Donald Trump has caused a large-scale liquidation in the cryptocurrency market, and the sense of

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